Audit

Many companies have benefited from federal government relief programs and will be subjected to single audits for the first time.

A recent study says that when auditors are given tools that they believe are more sophisticated, they are more likely to bias their evaluations towards what their supervisor wants.

The International Auditing and Assurance Standards Board is looking for feedback on updating one of its fundamental standards.

The Public Company Accounting Oversight Board appointed James McNamara as its first-ever chief operating officer

CohnReznick, a Top 25 Firm based in New York, has been helping government authorities make sure the funds for large-scale infrastructure projects don't go astray as spending on such projects ramps up after passage of a federal law last year.

The Public Company Accounting Oversight Board has named Barbara Vanich as its chief auditor after she served as acting chief auditor for nearly two years.

While corporate sustainability reporting continues to grow amid demands from investors and regulators, problems persist with the reliability of the information and the role of accounting firms in vetting the disclosures.

A New York CPA was hit with a $150,000 penalty and barred from association with a registered firm for misleading board inspectors and investigators.

The accountant's love affair with the humble spreadsheet is a long and storied one, but Ane Ohm of LeaseCrunch, said in today's age they can carry hidden costs.

An extra $80 billion over 10 years will have major repercussions — though not necessarily the expected ones.

The document includes new tools and resources on committee requirements, oversight responsibilities and strategies for promoting effectiveness.

Banking depositors perceive failures at financial institutions as failures on the part of auditors, reducing their assessment of the credibility of an auditing firm.

The Public Company Accounting Oversight Board has again rejiggered its standard-setting and research agendas, adding three new projects.

They've also tripled since the passage of Sarbanes-Oxley in 2022, according to a recent report.

PPP misrepresentation; rebuilding clients' basis; what you're doing wrong; and other highlights from our favorite tax bloggers.

The auditors have agreed to penalties for failing to disclose who led individual audits.

The Top 10 Firm was penalized for improper professional conduct for failing to properly audit a client.

Deloitte's member firm in China agreed to pay a $20 million penalty to settle charges with the Securities and Exchange Commission that the firm asked its audit clients to do their own auditing work.

Switching accounting firms had been seen by some companies as a way to satisfy a 2020 law that threatens to remove businesses from the NYSE and Nasdaq if U.S. officials can't inspect their audit work papers.